CAMBRIDGE REALTY CAPITAL PROVIDES $24.2 MILLION LOAN

by admin

CHICAGO — Cambridge Realty Capital Cos. has provided a $24.2 million FHA-insured permanent mortgage loan to refinance Maple Point Apartments, a senior housing community located at 150 W. Maple St. in Chicago. An Illinois not-for-profit corporation owns the 342-unit independent senior living facility. The HUD Section 207 pursuant to section 223(f) loan was arranged for the property’s owner. Cambridge Realty Capital Ltd. of Illinois was the underwriter for the fully amortized, 35-year term loan. The interest rate was not disclosed.

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